Future Now
Future Now 014 — "The Fantasy Economy" author Neil Kraus
Feb 29, 2024
Challenging economic myths, declining returns on education, surplus of degree holders in low-wage jobs, and misleading narratives in labor shortages. Exploring the complexities of education, STEM job myths, decline of coding jobs, debunking the skills gap, and the role of organized labor in creating economic equality.
41:20
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Quick takeaways
- Higher education doesn't guarantee high-paying jobs, exposing a misleading narrative.
- Skills gap rhetoric diverts focus from broader economic issues and systemic factors.
Deep dives
Challenging Economic Myths in Education Policies
Neil Krause's book, 'The Fantasy Economy,' challenges common beliefs about education policies driving inequality. He highlights the disconnect between the rhetoric of skills gaps in higher ed and the actual labor market realities. While having a college degree may lead to higher average incomes, the assumption of educating more people to fill high-skilled jobs is debunked.
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